Bob purchased a truck for $53,000 with a residual value of $26,000 and a life expectancy of 5 years, using straight - line depreciation, the amount of the depreciation adjustment for the first year would be: A: $5,400 B: $10,600 C: $5,300 D: $5,200

All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.